777 Partners to acquire Everton Football Club

Farhad Moshiri has sent a letter to the Everton Fan Advisory Board issuing an assurance over 777 Partners’ and their proposed takeover of the club.

The FAB posted the response from the Toffees majority shareholder on Twitter (29 March) after they had written to him, the prospective new owners, and the league earlier in the week, in which he committed to a meeting with chairman Dave Kelly and insisted his “view has not changed” on 777 despite a delay of close to 28 weeks since agreeing a deal with them in September.
Moshiri cited “important progress on many fronts” at the club under CEO Colin Chong, and a “clear plan” on the pitch from Sean Dyche, but in terms of the takeover he reaffirmed his confidence that Josh Wander and company are the “right partners to take our great Club forward”, and said the Miami-based firm had “met every ask” of them up to what is now the “home straight” of the process.

Moshiri wrote of the takeover issue: “With respect to 777, my view has not changed on what I said when we announced the proposed transaction last year. I remain confident they are the right partners to take our great Club forward.

“Securing the complete financing of the new stadium remains a priority and I can assure you from personal experience that 777 have met every ask that we have made of them to date.

“Now I completely understand the frustration that the Premier League approval process has taken longer than was originally expected. It is not ideal, but we must respect the Premier League’s process and hope that it is something that we must live with for only a little longer.
“We fully respect all our regulatory bodies, work closely and constructively with them, and please bear with us whilst we are in the home straight. I can also assure you that as soon as there is something definitive to say that we will share with you immediately.”